Pathway one is designed for groups who are on their way to finalising their community share offer but need additional development support to get them to launch.
This may include further work on your business plan, community engagement work, governance structure and legal registration, the share offer document and the promotional campaign. We also expect you to apply for the Community Shares Standard Mark, as the final step towards launching your offer.
Accordingly, applicants for this Pathway will have largely completed Step Two of the Step-by-Step tool, and be making progress with Step Three, preparing the offer.
For successful Pathway One applicants, we will make an offer of a development grant, and in some cases, we may commission additional development work to support particularly novel or innovative investment propositions. Development grants will be paid in two instalments, with payment of the second instalment dependent upon the satisfactory completion of the development activities paid for by the first instalment.
You will also be expected to submit an equity match application at this point, which will be assessed in tandem with the Standard Mark assessment. We will decide on your application for equity match prior to the launch of your share offer. The award of equity match is not conditional upon, or guaranteed by, the award of the Standard Mark.